Research On The Relationship Between Company's Real Performance Fluctuation,Corporate Social Responsibility And Earnings Management

When we pay attention to the performance disclosed by listed companies,we need to pay special attention to its authenticity,which is an objective reflection of the company's operating conditions,or the performance of the management after earnings management.Therefore,this paper studies the relationship between earnings management and real performance volatility of companies excluding earnings management,and takes A-share listed companies in Shanghai and Shenzhen as the research object to study the relationship between these two variables.At the same time,the earnings management behavior of the company is related to the corporate social responsibility to a large extent,and the performance of the corporate social responsibility may affect the earnings management behavior.This paper further discusses the moderating effect of the corporate social responsibility on the relationship between the real performance fluctuation of the company and the degree of earnings management.First of all,this paper reviews the domestic and international research on corporate performance,corporate social responsibility and earnings management,after deep analyzing principal-agent theory,signal transmission theory,information asymmetry theory and stakeholder theory,proposes the hypothesis of empirical research.Then,this paper selected Shanghai and Shenzhen A-share listed companies as the research object,and studied the impact of company real performance fluctuation and corporate social responsibility on company earnings management by referring to the measurement and research methods of relevant variables by domestic and foreign scholars.Finally,this paper summarizes the research conclusions and puts forward the corresponding research suggestions.The study found that:(1)The real performance volatility excluding earnings management is significantly higher than that including earnings management.(2)The greater the volatility of the true performance of companies that excluding earnings management,the greater the degree of corporate earnings management.(3)Corporate social responsibility can significantly weaken the positive correlation between the two,that is,in a company with good CSR performance,the positive correlation between the company's real performance fluctuations and earnings management degree is weak,which indicates that corporate social responsibility plays a positive role in the governance of earnings management.The innovation value of this paper has two main points: Firstly,this paper analyzes the relationship between real performance volatility and earnings management,which enriches the research on the influencing factors of earnings management.Secondly,in this paper,corporate social responsibility is introduced as a moderator variable to explore the impact of corporate social responsibility performance on earnings management behavior,which has reference significance for the research on earnings management behavior of listed companies.